Core Insights - The company reported a revenue of RMB 11.8647 billion (USD 1.666 billion) for Q3 2025, representing a year-on-year growth of 11.1% [1] - Gross profit decreased by 11.4% year-on-year to RMB 2.956 billion (USD 415.2 million) [1] - Net profit increased by 6.7% year-on-year to RMB 2.5387 billion (USD 356.6 million) [1] Revenue Breakdown - Core express service revenue grew by 11.6% compared to the same period in 2024, driven by a 9.8% increase in package volume and a 1.7% increase in package price [2] - Direct customer business revenue surged by 141.2%, primarily due to an increase in e-commerce return packages [2] - Freight forwarding service revenue declined by 7.4% year-on-year [2] Operational Highlights - The company achieved a business volume of 9.6 billion packages in Q3, reflecting a year-on-year growth of 9.8% [3] - The adjusted net profit for the quarter was RMB 2.5061 billion (USD 352 million), marking a 5% increase year-on-year [1][3] - The company anticipates package volume for 2025 to be between 38.2 billion and 38.7 billion, representing a year-on-year growth of 12.3% to 13.8% [2] Strategic Outlook - The founder and CEO emphasized a commitment to quality, market share expansion, and maintaining healthy profitability as the company's long-term strategy [3] - The company aims to enhance service quality and operational capabilities in response to industry competition and macroeconomic uncertainties [3] - The management is adjusting its annual guidance based on current market conditions and operational insights [2]
中通快递-W(02057.HK)：第三季度调整后净利润增长5%至人民币25亿元